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Topic: [XMR] Monero Speculation - page 1230. (Read 3314316 times)

legendary
Activity: 1449
Merit: 1001
July 23, 2016, 11:50:20 PM
http://forklog.net/exante-winklevoss-brothers-etf-to-skyrocket-bitcoin-price/

Monero mentioned !

"FL: Your fund was launched a few years ago. How many cryptocurrencies have entered the market during these years? Do you invest in anything, besides bitcoin?

AK: Yes, the other cryptocurrencies, such as Litecoin, have appeared after the first bitcoin “boom”. Their number was rising, but, to tell the truth, we were not interested in it at all. It was funny. It was something like pump-and-dump scheme. Technologically, we were only interested in Ethereum, yet we did not invest. Actually, after a more detailed assessment, I am in doubt that we will. We are also interested in Monero. Its creators, at least, have made a technologically real great thing that makes this project more valuable when compared to bitcoin. We like it. That’s all I guess."

legendary
Activity: 1638
Merit: 1001
July 23, 2016, 08:46:30 PM
For now:

Draw a straight line from the May 31 low through the July 20 low.  Below that rising line, I will buy.

Draw a straight line from the May 18 high through the July 10 high.  Above that rising line, I will sell.

I will guess that this rule will hold for at least a week if neither line is crossed in that time, maybe longer. The ramp is too steep to hold through August, though.  Past 340k the likelihood of a >10% correction rises quadratically as we approach 440k, and goes exponential, with increasing expected magnitude, thereafter.

All these numbers are intended to be very fuzzy.

I get the impression that, at this hash rate, miners on average tend to withhold their stock below $2.  Just a vague impression, mind you, and over the short term real-time miner sales are not very significant to price nowadays, since the total reward is only about 1% of exchange volume, and declining, but in the past, over weeks and months, the then-prevailing miner preference level has been a pretty significant price-attractor.

If I had a clever way to raise hash rates, I certainly would.  Obviously, I don't.


This isn't monkey talk.  Where's monkey?
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
July 23, 2016, 08:15:11 PM
For now:

Draw a straight line from the May 31 low through the July 20 low.  Below that rising line, I will buy.

Draw a straight line from the May 18 high through the July 10 high.  Above that rising line, I will sell.

I will guess that this rule will hold for at least a week if neither line is crossed in that time, maybe longer. The ramp is too steep to hold through August, though.  Past 340k the likelihood of a >10% correction rises quadratically as we approach 440k, and goes exponential, with increasing expected magnitude, thereafter.

All these numbers are intended to be very fuzzy.

I get the impression that, at this hash rate, miners on average tend to withhold their stock below $2.  Just a vague impression, mind you, and over the short term real-time miner sales are not very significant to price nowadays, since the total reward is only about 1% of exchange volume, and declining, but in the past, over weeks and months, the then-prevailing miner preference level has been a pretty significant price-attractor.

If I had a clever way to raise hash rates, I certainly would.  Obviously, I don't.
legendary
Activity: 1624
Merit: 1008
July 23, 2016, 07:47:12 PM
I have no idea where the next top will be other than higher than the last one.  And at some point  Smiley Wink Cool

It seems ShapeShift has been down for a while and the price has been going up. Tongue

legendary
Activity: 1624
Merit: 1008
July 23, 2016, 07:24:20 PM
.0018? This leg down is quite low in volume...

Im seeing more like .00249 floor and .00335 next leg up

Time to share your book. Where´s the local top this time?

Are you starting to talk to yourself? Grin
legendary
Activity: 981
Merit: 1005
No maps for these territories
July 23, 2016, 05:27:38 PM
.0018? This leg down is quite low in volume...

Im seeing more like .00249 floor and .00335 next leg up

Time to share your book. Where´s the local top this time?
legendary
Activity: 1092
Merit: 1000
July 23, 2016, 04:22:10 PM
Almost and soon are the words that describes Monero perfectly.  Grin

(GUI is almost here and soon ready).
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
July 23, 2016, 02:52:31 PM
Looks like chinese cannot support 666 any longer! Smiley
legendary
Activity: 1092
Merit: 1000
July 23, 2016, 01:16:07 PM
If you have considered entering in margin long position with XMR but was not willing to take high bitcoin interest rates, now the rates have gone down a little offering very low annual bitcoin denominated cost for borrowing bitcoins for the purpose of buying bitcoins.
The annual rate is around 3-4 % only these days. Ladies and gentlemen, if you trust Monero will be higher within 1 year or so more than 3-4 % from the current levels, you might want to consider taking long positions. But be careful, make sure the estimated liquidation price is low enough so that you may not get liquadated at the bottom if there is a sharp flash crash. Therefore, buy some extra Moneros with real money, put them to margin account and start taking margin long positions. However, margin trading is risky but also if it plays right for you might be wealthy within 1 year, and the cost is only a few percentages.  Shocked


Can't lenders change rates after the lending period ends?

Yes, when the period ends and you have open loans, it will be refinanced with the lowest ask and the interest part will be paid to the lender.
Over all it seems bitcoin lenders are satisfied with pretty low interests these days when the inflation rate of bitcoin has dropped.
legendary
Activity: 1834
Merit: 1019
July 23, 2016, 12:05:05 PM
If you have considered entering in margin long position with XMR but was not willing to take high bitcoin interest rates, now the rates have gone down a little offering very low annual bitcoin denominated cost for borrowing bitcoins for the purpose of buying bitcoins.
The annual rate is around 3-4 % only these days. Ladies and gentlemen, if you trust Monero will be higher within 1 year or so more than 3-4 % from the current levels, you might want to consider taking long positions. But be careful, make sure the estimated liquidation price is low enough so that you may not get liquadated at the bottom if there is a sharp flash crash. Therefore, buy some extra Moneros with real money, put them to margin account and start taking margin long positions. However, margin trading is risky but also if it plays right for you might be wealthy within 1 year, and the cost is only a few percentages.  Shocked


Can't lenders change rates after the lending period ends?
legendary
Activity: 1092
Merit: 1000
July 23, 2016, 09:28:17 AM
If you have considered entering in margin long position with XMR but was not willing to take high bitcoin interest rates, now the rates have gone down a little offering very low annual bitcoin denominated cost for borrowing bitcoins for the purpose of buying bitcoins.
The annual rate is around 3-4 % only these days. Ladies and gentlemen, if you trust Monero will be higher within 1 year or so more than 3-4 % from the current levels, you might want to consider taking long positions. But be careful, make sure the estimated liquidation price is low enough so that you may not get liquadated at the bottom if there is a sharp flash crash. Therefore, buy some extra Moneros with real money, put them to margin account and start taking margin long positions. However, margin trading is risky but also if it plays right for you might be wealthy within 1 year, and the cost is only a few percentages.  Shocked
hero member
Activity: 870
Merit: 585
July 23, 2016, 08:13:54 AM
Chain analysis keeps improving and if you are indeed hidden now, are those techniques going to be sufficient against any and all future improvements in chain analysis?  Ofc everything you and everyone has done on the btc blockchain is a matter of public record.  From your statement it seems that you value privacy.  So why are you not appreciative of the best private cyrptocurrency?

https://www.elliptic.co/

This might be a reasonable argument if a blockchain privacy vulnerability was the only, or even one of the more significant, tools at the disposal of those who would violate your privacy but this isn't the case. Its far easier for a 3rd party to put a keystroke logger on your laptop or mim your SSL/TLS sessions or set up a fake GSM access point in your neighborhood or set up a large number of tor exit points or just hoover up all the data from the networks.

The only thing worse than no privacy is a false sense of privacy.
I'm from the gubmint an' we doan need no steenking keyloggers!
Say hello to my little frien' he eez call chain analysees!
legendary
Activity: 1610
Merit: 1004
July 23, 2016, 08:06:52 AM
Maybe they want to hold both. For instance, someone that already has all the BTC they want, but uses their income to buy another currency. Money flowing into altcoins is good for BTC, and good for everyone, I think.
legendary
Activity: 1316
Merit: 1014
ex uno plures
July 23, 2016, 07:56:31 AM
Chain analysis keeps improving and if you are indeed hidden now, are those techniques going to be sufficient against any and all future improvements in chain analysis?  Ofc everything you and everyone has done on the btc blockchain is a matter of public record.  From your statement it seems that you value privacy.  So why are you not appreciative of the best private cyrptocurrency?

https://www.elliptic.co/

This might be a reasonable argument if a blockchain privacy vulnerability was the only, or even one of the more significant, tools at the disposal of those who would violate your privacy but this isn't the case. Its far easier for a 3rd party to put a keystroke logger on your laptop or mim your SSL/TLS sessions or set up a fake GSM access point in your neighborhood or set up a large number of tor exit points or just hoover up all the data from the networks.

The only thing worse than no privacy is a false sense of privacy.


legendary
Activity: 1316
Merit: 1014
ex uno plures
July 23, 2016, 07:49:25 AM
BTC doesn't go "down" because people buy ETH with BTC...in fact it helps grow BTC's utility by being able to buy ETH.

It doesn't help grow BTC's utility because BTC already has that utility.

Increasing demand for ETH occurs at the expense of BTC mindshare/marketshare. More people want to hold ETH and fewer want to hold BTC. How can this not affect BTC value ?
legendary
Activity: 981
Merit: 1005
No maps for these territories
July 23, 2016, 07:20:26 AM
I think the weakness of Monero is the constant inflation.
I think the weakness of monero is that it answers a use case which a lot of people either don't understand or don't care about.

Its a dilettante's coin really.
People understand the concept of not having their bank statements plastered all over the internet for all to see for eternity right?

Same situation applies to bitcoin and monero.
Seems like some people are not that fast to get this. Anyhow, given enought time, they will

Nobody is able to point at that bank statement plastered all over the internet for all to see for eternity. You able to point at my BTC wallet?

No, I can´t (yet). But your goverment can. And will do in spades

From nioc´s link:

Quote
Elliptic’s proprietary database delivers auditable proof of identity for millions of Bitcoin addresses across thousands of real world entities.

This gives law enforcement agencies and financial institutions the confidence they need to investigate and evaluate suspicious activity on the Bitcoin blockchain.
legendary
Activity: 1624
Merit: 1008
July 23, 2016, 07:15:36 AM
I think the weakness of Monero is the constant inflation.
I think the weakness of monero is that it answers a use case which a lot of people either don't understand or don't care about.

Its a dilettante's coin really.
People understand the concept of not having their bank statements plastered all over the internet for all to see for eternity right?

Same situation applies to bitcoin and monero.
Seems like some people are not that fast to get this. Anyhow, given enought time, they will

Nobody is able to point at that bank statement plastered all over the internet for all to see for eternity. You able to point at my BTC wallet?

Chain analysis keeps improving and if you are indeed hidden now, are those techniques going to be sufficient against any and all future improvements in chain analysis?  Ofc everything you and everyone has done on the btc blockchain is a matter of public record.  From your statement it seems that you value privacy.  So why are you not appreciative of the best private cyrptocurrency?

https://www.elliptic.co/
legendary
Activity: 1245
Merit: 1004
July 23, 2016, 06:28:54 AM
I think the weakness of Monero is the constant inflation.
I think the weakness of monero is that it answers a use case which a lot of people either don't understand or don't care about.

Its a dilettante's coin really.
People understand the concept of not having their bank statements plastered all over the internet for all to see for eternity right?

Same situation applies to bitcoin and monero.
Seems like some people are not that fast to get this. Anyhow, given enought time, they will

Nobody is able to point at that bank statement plastered all over the internet for all to see for eternity. You able to point at my BTC wallet?
legendary
Activity: 981
Merit: 1005
No maps for these territories
July 23, 2016, 05:07:47 AM
I think the weakness of Monero is the constant inflation.

I think the weakness of monero is that it answers a use case which a lot of people either don't understand or don't care about.

Its a dilettante's coin really.

People understand the concept of not having their bank statements plastered all over the internet for all to see for eternity right?

Same situation applies to bitcoin and monero.

Seems like some people are not that fast to get this. Anyhow, given enought time, they will
hero member
Activity: 560
Merit: 501
July 23, 2016, 03:19:33 AM
Yeah, liquidity tends to dry up before a big move.  Liquidity impedes motion, like running in deep surf

BTC seems oversold now.



The weak hands need to be shaken and they need to have cash so that they have money to buy their coins back on the Moon.

If BTC looks oversold to you give it a few days more and it will probably be sold out  Shocked
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